describe impact of unemployment in our ecomy plz ans in point
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unemployment lead to poverty which will lead to scarcity of major products which lead to dead.
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Hey friend,
Here is the answer you were looking for:
Unemployment is said to exist when people who are willing to work at the going wages cannot find jobs. Unemployment has negative effects on the economy development of the country:
I) Wastage of resource:
Human capital is one of the most important resource. Unemployment leads to Wastage of man power resource. People who are an asset for the economy turn into a liability.
II) Poverty:
The basic cause of poverty is unemployment. People dont have enough money to support their family. Inability of educated people, who are willing to work to find educated people, who are willing to work to find employment implies a great social waste.
III) Increase in dependent population:
Unemployment increase the economic overload. The dependence of the unemployed on the working population increase.
IV) Poor quality of life:
The quality of life of an individual as well as the society is adversely affected.
V) Class struggle:
Unemployment divides the society into haves and have-nots.
HOPE MY ANSWER WOULD BE HELPFUL TO YOU!!!
AND IF YOU FOUND IT HELPFUL, THEN PLEASE MARK AS BRAINLIEST.
THANKS...
☺☺
Here is the answer you were looking for:
Unemployment is said to exist when people who are willing to work at the going wages cannot find jobs. Unemployment has negative effects on the economy development of the country:
I) Wastage of resource:
Human capital is one of the most important resource. Unemployment leads to Wastage of man power resource. People who are an asset for the economy turn into a liability.
II) Poverty:
The basic cause of poverty is unemployment. People dont have enough money to support their family. Inability of educated people, who are willing to work to find educated people, who are willing to work to find employment implies a great social waste.
III) Increase in dependent population:
Unemployment increase the economic overload. The dependence of the unemployed on the working population increase.
IV) Poor quality of life:
The quality of life of an individual as well as the society is adversely affected.
V) Class struggle:
Unemployment divides the society into haves and have-nots.
HOPE MY ANSWER WOULD BE HELPFUL TO YOU!!!
AND IF YOU FOUND IT HELPFUL, THEN PLEASE MARK AS BRAINLIEST.
THANKS...
☺☺
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